Cognios Beta Neutral Large Cap Fund LP Cuts Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

Cognios Beta Neutral Large Cap Fund LP lowered its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 6.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,475 shares of the company’s stock after selling 176 shares during the period. Cognios Beta Neutral Large Cap Fund LP’s holdings in Cboe Global Markets were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CBOE. AE Wealth Management LLC lifted its position in Cboe Global Markets by 2.8% in the 3rd quarter. AE Wealth Management LLC now owns 11,443 shares of the company’s stock valued at $1,787,000 after acquiring an additional 307 shares in the last quarter. Boston Trust Walden Corp lifted its position in Cboe Global Markets by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 389,855 shares of the company’s stock valued at $60,899,000 after acquiring an additional 1,577 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in Cboe Global Markets in the 3rd quarter valued at approximately $92,000. Caprock Group LLC lifted its position in Cboe Global Markets by 9.6% in the 3rd quarter. Caprock Group LLC now owns 2,621 shares of the company’s stock valued at $409,000 after acquiring an additional 229 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Cboe Global Markets by 111.7% during the 3rd quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $79,000 after buying an additional 267 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating and set a $199.00 price target (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Citigroup increased their price target on Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Oppenheimer increased their price target on Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Barclays increased their price target on Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Bank of America increased their price target on Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a report on Friday, April 19th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $190.18.

Cboe Global Markets Price Performance

CBOE stock traded up $0.86 during trading on Wednesday, reaching $179.68. The company’s stock had a trading volume of 579,242 shares, compared to its average volume of 636,231. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $19.06 billion, a P/E ratio of 92.01 and a beta of 0.61. The company’s fifty day moving average is $184.11 and its 200-day moving average is $178.78.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $499.00 million during the quarter, compared to analyst estimates of $510.65 million. During the same quarter in the prior year, the business posted $1.80 EPS. Cboe Global Markets’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.55 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Activity

In other news, EVP Dave Howson sold 5,322 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the transaction, the executive vice president now owns 17,573 shares in the company, valued at $3,285,448.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.51% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.